Item 3 Open Comments

The purpose of this item is to present, for approval, a newly proposed employee debt collection regulation. This regulation establishes procedures whereby the university may collect on delinquent debts owed to the university by university employees, excluding educational loans.

The regulation was developed with oversight from Administration and Finance.

Vice President Shuman will address the committee and present the regulation.

The purpose of this item is to provide the Board of Trustees with an independent accountant’s report on the financial statements for Athletics in accordance with guidelines set forward by the National Collegiate Athletic Association.

Vice President Shuman will address the committee and present this report.

This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).

Vice President Shuman will address the committee and present the 990 forms.

The purpose of this item is to conduct the annual review of, and reaffirmation of the charter for the Office of Internal Auditing. This annual review is consistent with the Institute of Internal Auditors’ guidelines.

Mr. Robert Berry will address the committee and present the proposed charter.

The purpose of this item is to provide the annual review of and reaffirmation of the current charter for the Finance and Audit Committee. This annual item is consistent with the Institute of Internal Auditors’ guidelines.

Mr. Robert Berry will address the committee and present the proposed charter.